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Titan Minerals (ASX: TTM) intersects broad gold zones at Dynasty as resource expansion drilling advances

JMM

Key Facts:

363.8m of gold mineralisation from near surface – Kaliman drilling returns 363.8m at 0.5 g/t gold, highlighting the scale of the mineralised system.

High-grade gold within broad mineralised zones – A standout intersection of 11m at 7.6 g/t gold supports further resource growth potential.

Higher grades than previously modelled – Brecha-Comanche drilling delivers 34.4m at 2.9 g/t gold within the conceptual open-pit area.

3.9Moz gold resource with expansion potential – Mineralisation remains open along strike and at depth, with drilling targeting additional resource growth.

Major Q1 2027 milestones approaching – Expanded 20,000m drilling program underway, with 17 holes awaiting assays ahead of an updated Mineral Resource Estimate and Scoping Study.

14 October 2026 – Perth, WA | Titan Minerals (ASX: TTM) has reported extensive near-surface gold, silver and copper mineralisation at its Dynasty Gold Project in Ecuador, with new drilling results highlighting the potential to expand the project's existing 3.9-million-ounce gold resource ahead of an updated Mineral Resource Estimate (MRE) and Scoping Study scheduled for the first quarter of 2027.

The latest results from the Kaliman porphyry target have identified broad zones of mineralisation extending from near surface, including a 363.8-metre intersection grading 0.5 grams per tonne (g/t) gold, 2.5 g/t silver and 0.11% copper from just 2.2 metres.

A second drillhole returned 184.4 metres at 0.8 g/t gold, 3.3 g/t silver and 0.13% copper from 3.6 metres, including a higher-grade interval of 11 metres at 7.6 g/t gold and 22.5 g/t silver from 53 metres.

The results are significant for Titan's resource growth strategy because they demonstrate the presence of extensive gold-bearing mineralisation from shallow depths, alongside higher-grade zones within the broader mineralised system.

Importantly, mineralisation at Kaliman remains open along strike and at depth, with drilling identifying a potential southerly extension that provides an additional target for exploration.

The findings add to Titan's understanding of a mineralised system containing both porphyry-hosted gold, silver and copper and higher-grade gold-silver veins, creating multiple opportunities for further resource definition.

Titan Chief Executive Officer Melanie Leighton commented:

“The latest near-surface intercepts, including 184.4m @ 0.8 g/t Au, 3.3 g/t Ag and 363.8m @ 0.5 g/t Au, 2.5 g/t Ag, further demonstrate Dynasty’s strong resource growth potential. They also reflect the outstanding work of our talented geology team, who continue to unlock the project’s value.”

Higher-grade drilling strengthens Cerro Verde resource growth potential

Alongside the Kaliman results, resource infill drilling at the nearby Brecha-Comanche target has intersected wider and higher-grade gold-silver mineralisation than previously modelled in the March 2026 resource estimate.

One drillhole returned 34.4 metres at 2.9 g/t gold, 13.9 g/t silver and 0.17% copper from 202.3 metres, including 9.6 metres at 3.7 g/t gold, 34.8 g/t silver and 0.52% copper.

Additional results included 19.3 metres at 2.3 g/t gold and 10.7 g/t silver, while another hole intersected a higher-grade interval of 1.7 metres at 10.6 g/t gold and 31.4 g/t silver.

These intersections are particularly relevant because they occur within the area of Cerro Verde's conceptual open-pit design, where Titan is working to improve the definition and confidence of its existing resources.

The results indicate that closer-spaced drilling is identifying mineralisation not fully captured by earlier exploration, providing scope for potential additions to the resource model.

Titan's March 2026 MRE outlines 3.9 million ounces of gold and 26.1 million ounces of silver across the Dynasty Project, including 2.7 million ounces of gold at Cerro Verde.

The latest results have not yet been incorporated into an updated resource estimate.

Expanded drilling program targets additional mineralisation

Titan has expanded its resource drilling program at Cerro Verde to 20,000 metres following a series of significant intersections from shallow depths and newly identified mineralised areas.

To date, 39 diamond drillholes totalling approximately 9,100 metres have been completed as part of the 2026 resource drilling program, with assay results pending for 17 holes.

Four diamond drill rigs are currently operating at Dynasty, with a reverse circulation drill rig scheduled to join the fleet in the coming week.

The expanded program is targeting additional mineralisation at Kaliman and Brecha-Comanche, as well as other prospective areas within Cerro Verde.

These include extensions to a recently identified gold-bearing shear zone, mineralisation potentially concealed beneath a historic waste-rock dump and areas where major geological structures intersect.

The drilling is intended to test areas outside the existing resource model while improving confidence in mineralisation already identified.

Resource update and Scoping Study scheduled for early 2027

The ongoing program forms part of Titan's broader development strategy for Dynasty, which is advancing towards an updated Mineral Resource Estimate and Scoping Study in the first quarter of 2027.

The updated resource estimate is expected to incorporate results from the expanded drilling program and will inform the Scoping Study's assessment of potential mining and processing methods, production rates and project economics.

Titan will continue drilling extensions to known mineralisation at Cerro Verde over the coming months, with assay results pending from 17 completed holes and further results anticipated as the expanded program progresses.

Both the updated MRE and Scoping Study are scheduled for delivery in Q1 2027.

About the Dynasty Gold Project

The Dynasty Gold Project is an advanced exploration- early resource stage project comprising five contiguous concessions and is 139km2 in area. Three of these concessions received Environmental Authorisation in 2016 and are fully permitted for all exploration and small-scale mining activities.

Exploration work at the Dynasty Gold Project has outlined an extensive zone of epithermal veining over a nine-kilometre strike. There is also considerable potential for porphyry copper mineralisation as identified by surface mapping, trenching, and drilling at the Kaliman prospect and by surface geochemistry and mapping at the Cola and Gisell prospects.

About us:

About the Dynasty Gold project: The Dynasty Gold Project is an advanced exploration-early resource stage project comprising five contiguous concessions and is 139km2 in area. Three of these concessions received Environmental Authorisation in 2016 and are fully permitted for all exploration and small-scale mining activities. Exploration work at the Dynasty Gold Project has outlined an extensive zone of epithermal veining over a ninekilometre strike. There is also considerable potential for porphyry copper mineralisation as identified by surface mapping, trenching, and drilling at the Kaliman prospect and by surface geochemistry and mapping at the Cola and Gisell prospects.

Contact details:

Melanie Leighton

 Chief Executive Officer

E: [email protected] 

Ph: +61 8 6555 2950 

Jane Morgan 

Investor & Media Relations 

E: [email protected] 

Ph: + 61 405 555 618